Tesla’s vehicle delivery graph drops after 7 record quarters but June was the company’s historic month for production and deliveries

-

-Advertisement-

Tesla’s (TSLA) production and delivery graph which was on a record-breaking streak for the past 7 quarters has been broken in Q2 2022. Tesla, Inc. will hold this quarter’s Earnings Call on Wednesday 20th July after market close at 4:30 p.m. Central Time (5:30 p.m. Eastern Time).

The Austin, TX-based automaker released its 2nd quarter production and delivery numbers on 2nd July 2022 in a press release to investors and the media.

In the second quarter, we produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond our control. June 2022 was the highest vehicle production month in Tesla’s history.

Tesla investor relations website.
Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –
 ProductionDeliveriesSubject to operating lease accounting
Model S/X16,41116,16212%
Model 3/Y242,169238,5333%
Total258,580254,6954%
Tesla Q2 2022 vehicle production and delivery numbers.

The major factor in the drop in vehicle production and ultimately affecting deliveries were the intermittent shutdowns at the Shanghai Gigfactory. Tesla constantly struggled to restore the factory to its full capacity but COVID-related restrictions in the Shanghai metropolis became a hurdle.

Tesla electric vehicles produced at Giga Shanghai satisfy local demand in China and a big chunk of these cars is exported to Europe as well.

One interesting point to note in Tesla’s press release is that the automaker’s vehicle production and delivery numbers surged in the month of June. This suggests that Tesla has made a big jump in production in the last month of the 2nd quarter of 2022.

The month of June was the best because two more Tesla Gigafactories started ramping up production, Giga Texas and Giga Berlin.

– Advertisement –
Graph: Trend of Tesla vehicle deliveries for the last 9 financial quarters (from Q2 2020 to Q2 2022).
Graph: Trend of Tesla vehicle deliveries for the last 9 financial quarters (from Q2 2020 to Q2 2022). Data source: Tesla investor relations website.

Tesla officially confirmed that Giga Berlin reached a weekly production rate of 1,000 Model Y SUVs in June.

And according to reports, 700-800 Model Ys are being produced at Giga Texas every week.

The contribution by these 2 factories, Giga Shanghai coming back to its normal production levels, and the Fremont factory bursting out of its seams helped Tesla score the best month yet. Keeping these factors in mind, the coming months and quarters will be even bigger in terms of Tesla vehicle production and deliveries.

However, Tesla did not share how many vehicles were actually produced in June alone. Tesla leadership might share this information during the company’s upcoming Earnings Call.

Another interesting development to notice here is the increase in the number of Tesla Model S/X vehicle production and deliveries despite an overall reduction in numbers. Tesla produced 2,193 more Model S and Model X in Q2 2022 (16,411) compared to Q1 2022 when it made 14,218.

Similarly, the deliveries went up in the same ratio, in Q1 2022, Tesla delivered 14,724 Model S and Model X and in Q2 2022 16,162 vehicles reached Tesla customers — an increase of 1,438 vehicles.

Despite massive price increases in Tesla vehicles this year, Tesla is able to increase the sales of luxury vehicles like the Model S and Model X which have a better premium margin. It’s a good sign in terms of revenue growth and profits for the company.

The comments section below is waiting for your intelligent thoughts on this matter.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | RSS (Feedly).

Video: Tesla Daily podcast on TSLA Q2 2022 production and delivery numbers by Rob Maurer / The Wall Street.

Related

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

Latest News

Study: The Current Generation of Students Is Pushing for Sustainable Electric Vehicles

Sustainability is a crucial factor directly influencing consumer choices, particularly among Gen Z students. Within the auto market, younger...

FSD Beta v12.2.1 is coming pre-installed on new Tesla vehicles with Full Self-Driving transfers

Tesla (TSLA) started rolling out its most awaited FSD Beta release version 12 (12.2.1) earlier this week. As we...

Tesla begins wider release of FSD Beta 12.2.1 (2023.44.30.2) — it can finally take smooth U-turns (videos)

After a long wait of weeks and months, Tesla (TSLA) has finally started pushing the Full Self-Driving Beta v12...

Tesla to fix auto wiper issues with an OTA software update soon

A Tesla (TSLA) software engineer has confirmed on X (Twitter) that the automaker will soon release an over-the-air (OTA)...
- Advertisement -

Starship 28 stacked on Booster 10 for the first time in preparation for Flight 3 orbital launch test

Yesterday, Elon Musk's SpaceX moved the next candidates for Starship Flight 3 to the Orbital Launch Mount (OLM) at...

Starship Flight 3 likely to reach orbit, Elon Musk explains the reason for Flight 2 explosion and achievements of 2023

This past Friday, SpaceX CEO Elon Musk gave almost an hour-long presentation at the Starbase Rocket Garden. The vibrant...

SpaceX ends 2023 with a major Starship Flight 3 milestone — 33 engine Booster 10 static fire test

Elon Musk's commercial spaceflight and space exploration company SpaceX completed its year with a major Starship milestone. On Friday...

Tesla Tips & Tricks

Tesla Model S and Model X owners can switch the on-screen media player position with a single tap (video)

Tesla (TSLA) keeps improving car features and the screen...

Even red wine doesn’t stain Tesla white seats (video)

Tesla's futuristic white interior option is the most popular...

Tesla Quarterly Reports & Eearnings

- Advertisement -

You might also likeRELATED
Recommended for You